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U.S adding China chipmaker SMIC to economic blacklist, Ross confirms By Reuters

© Reuters. FILE PHOTO: A logo of Semiconductor Manufacturing International Corporation (SMIC) is seen at China International Semiconductor Expo (IC China 2020) in Shanghai, China October 14, 2020.

WASHINGTON (Reuters) – The United States is adding dozens of Chinese companies, including the country’s top chipmaker SMIC, to a trade blacklist on Friday, Commerce Secretary Wilbur Ross said Friday in a broadcast interview, confirming a move first reported by Reuters.

The department was also adding 11 affiliates of SMIC, Ross said in a Fox Business Network interview, to prevent their access to more advanced U.S. technology. It is seen as the latest in President Donald Trump’s effort to cement his tough-on-China legacy.

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